Articles & Advisories

Wills, Trusts & Estates: Plain and Simple – “Should I Have a Revocable Trust?”

A Revocable Trust, AKA a “Living Trust,” is a trust created by written agreement between you, as grantor, and you (and/or another person, if you’d like), as trustee, directing the trustee to hold the assets you put in the trust and how to distribute them upon your death. During your life,...

Hidden hazards

Charlotte Biblow, partner, is quoted in this article. What you don’t know can hurt you. That’s one of the takeaways from a wide-ranging discussion with environmental industry leaders during a participant-sponsored roundtable event held at LIBN offices last month. Contaminated soil that can impact water quality and potentially emit toxic gases is...

Highlights and Notable Decisions From Summer 2018

The summer months have seen decisions as variable as the weather, addressed to claims against an estate, fiduciary bonds, and the statute of limitations. The issues were novel and instructive, and are discussed below. Determining the Validity of Claims Under SCPA Article 18. In In re Estate of Persing, Sr., NYLJ,...

How can a college parent maintain key legal rights?

Your 18-year-old has headed off to college. Despite what you may feel, she will now be considered an adult in the eyes of the law and the university. Your legal rights to make decisions on behalf of your child change entirely the moment she turns 18, so it’s important that...

Who’s Who 2018: Women in Professional Services – Lisa M. Vaccaro

Lisa Vaccaro is counsel at the law firm of Farrell Fritz, P.C., concentrating in corporate and financial transactions. Her practice focuses primarily on the representation of financial institutions and borrowers in secured and unsecured commercial lending transactions, including syndicated and asset-based loan facilities. She has extensive knowledge of intercreditor issues...

Looking to the Ocean for Power, And a Problem

In recent months, New York State has taken a number of significant steps forward toward the state’s previously announced goal of obtaining 50 percent of New York’s electricity from renewable sources by 2030. Perhaps the most important of these recent steps is an order, issued and effective on July 12, 2018,...

Strict Compliance with SEQRA: A Mandate Courts Enforce

When local governments fail to meet all of the requirements of the State Environmental Quality Review Act, courts will reject their decisions and send them back to the drawing board. Several years after the State Environmental Quality Review Act (SEQRA) was enacted in 1975, Rye’s town board granted a permit to...

Wills, Trusts & Estates: Plain and Simple – “Do I Need a Will?”

A Last Will and Testament directs your Executor how and to whom your assets are to be disposed. If you do not have a Will, assets in your name when you die will pass under New York State’s intestacy laws.  However, only the disposition of your probate assets can be affected...

Consequential Liabilities and Remedies to Mismanaged Individual and Trust Owned Life Insurance

Joseph T. La Ferlita is quoted in this article from the September 13, 2018 edition of the Estates, Gifts & Trusts Journal. This piece discusses the rising number of non-guaranteed life insurance polices that are expiring prematurely. Joe was asked to provide his input for a hypothetical situation in which a client has his son...

The Berger Prescription – On Demand Podcast

Mark Ustin, partner at Farrell Fritz, was on the Capitol Confidential podcast to discuss the Berger Commission. Ustin, former general counsel to the commission, explains the circumstances that led to the formation of the commission and the results of the comprehensive fifteen-month project. The Berger Commission was created in 2005 under Gov....

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